Financial Services
How AI is Transforming the Anti-Money Laundering Challenge
A Much-Needed Intelligent Approach to Segmentation Anti-money laundering (AML) is a complex and persistent challenge for financial institutions. AI is transforming key elements of the AML workflow and delivering an order of magnitude in performance improvements in the process. Money laundering has become the leading source of compliance fines for North American and European institutions. In 2016 alone, regulators levied...
Why Risk Rating Customers is Problematic for Correspondent Banks
Regulators have continually penalized banks for deficiencies in their financial crime programs, and this is especially evident in the case of correspondent banking. But is there room for improvement and increased sophistication?
